DSS Inc. Announces Distribution Date Of August 8, 2023 For Spinoff Of Impact BioMedical Inc.; Shareholders Will Receive 4 Shares Of Impact BioMedical For Every 1 Shares Of DSS
Portfolio Pulse from Happy Mohamed
DSS Inc. has announced the distribution date for the previously announced stock dividend of Impact BioMedical Inc. Shareholders of DSS Inc. on record as of July 10, 2023, will receive four shares of Impact BioMedical Inc. for every one share of DSS. The distribution will occur on August 8, 2023. The shares will not be eligible for resale until 180 days from the date Impact BioMedical’s initial public offering becomes effective.
July 31, 2023 | 12:54 pm
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DSS Inc. shareholders will receive four shares of Impact BioMedical Inc. for every one share of DSS. This could potentially increase the value of DSS shares in the short term.
The announcement of a stock dividend typically leads to an increase in the stock price as shareholders anticipate the additional value they will receive. In this case, DSS shareholders will receive four shares of Impact BioMedical for every one share of DSS, which could lead to an increase in the value of DSS shares in the short term.
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